Related News: "Innovation and Competitiveness"

Foreign investment decisions will benefit Canadian economy, Manley says

Statement by The Honourable John Manley, President and CEO, Canadian Council of Chief Executives (CCCE), on today’s foreign investment decisions by the Government of Canada:

“The decision to approve the acquisitions of Nexen Inc. and Progress Energy Resources Corp. sends a positive signal to investors in Canada and around the world. Canada welcomes foreign investment because it is good for our economy, good for job creation and increases competition, which in turn strengthens productivity.

“Canada’s population is small relative to those of the other major advanced economies, and we have a tremendous need for capital to develop our industrial base and achieve our potential as a leading exporter of energy and advanced energy technologies. At the same time, companies looking to invest in Canada must play by our rules and respect our values, adhering to Canadian laws, regulations, and environmental and labour standards.

“Based on a preliminary review, it appears that the guidelines introduced today will safeguard the national interest while ensuring that Canadians continue to reap the benefits of a welcoming approach to foreign investment. Equally significant, the guidelines recognize the essential role of private enterprise and free market principles in driving economic growth and prosperity. The government deserves … Read more »

Date November 29, 2012 Related Issues

Panel provides strong blueprint for Canadian aerospace industry, Manley says

Statement by The Honourable John Manley, President and Chief Executive Officer of the Canadian Council of Chief Executives, in response to today’s release of findings by the federal Review of Aerospace and Space Programs and Policies:
“Canada’s aerospace companies generate $22 billion a year in revenues and employ nearly 80,000 Canadians in high-paying jobs at more than 400 firms across the country. Their collective efforts have made Canada a world leader in the design and production of regional aircraft, flight simulators, aircraft engines and landing gear, environmental control systems, and other advanced technologies.
“As successful as Canada’s aerospace sector has been to date, there is the potential to do considerably better. Driven by rising prosperity in emerging markets and an increasing emphasis on fuel-efficiency, the global demand for new aircraft and related products and services is likely to increase significantly over the next few decades. The space industry, too, faces important opportunities as a result of the growing need for advanced communications and security solutions. Against that backdrop, I strongly welcome today’s release of recommendations by the independent federal aerospace review panel. The panel has provided Canadians with a blueprint by which to ensure that our commercial aviation, military aerospace … Read more »

Construction in Hong Kong Most Canadians view Asia’s growing economic strength as an opportunity for Canada, survey finds

Six in 10 Canadians see Asia’s growing middle class as an opportunity for Canada, but fewer than half feel that Canadian firms are well-prepared to compete against their Asian rivals, a new Ipsos Reid poll reveals.

Overall, the poll found that Canadians are divided about the implications of Asia’s growing economic power and concerned about the impact on certain industry sectors. For example, 59 per cent of respondents agreed that Canada should be more open to foreign investment, but 76 percent said they are worried that increased foreign investment could cause Canada to lose control of its natural resources.

Ipsos Reid conducted the online survey for the Canadian Council of Chief Executives (CCCE) in advance of a conference being held today and tomorrow in Ottawa on Asia’s rise and the impact on Canada’s economic future. Titled “Canada in the Pacific Century,” the conference brings together more than 200 CEOs, senior government officials, educators, policy experts, representatives of aboriginal communities and other thought leaders from across Canadian society.

Overall, 60 percent of those polled agreed with the statement that “Asia’s growing middle class population represents an opportunity for the Canadian economy”. In contrast, 40 percent agreed that “Asia’s growing economic strength … Read more »

Date September 21, 2012 Related Issues

Canada needs more, not fewer, national champions, Manley says

Comments by The Honourable John Manley, President and Chief Executive Officer of the Canadian Council of Chief Executives, in response to yesterday’s statements by the outgoing Competition Commissioner, as reported in The Globe and Mail:   

“I am profoundly dismayed at the Competition Commissioner’s reported suggestion that big companies are bad for consumers and bad for the economy. In a world in which scale matters, our public policies must enable Canadian companies to grow to a size that allows them to contend globally as top-ranked players. Indeed, the Competition Act itself recognizes that firms may need to combine to achieve the scale necessary for efficient operation and to be competitive in international markets. Similarly, the Competition Policy Review Panel recognized in its 2008 report that scale – defined in global terms – is a key competitiveness factor for Canada’s economic future.

“Large, internationally successful Canadian companies are vital to our country’s economy on many levels — as creators of well-paid, highly skilled jobs, as drivers of innovation, as sources of capital and opportunity for smaller ventures, and of course as significant generators of corporate tax revenue. Canada needs more, not fewer, enterprises that can aspire to become champions on the … Read more »

U.S., Canadian and Mexican Business Leaders Discuss Ways to Strengthen the North American Economy

Today, members of Business Roundtable (BRT), the Canadian Council of Chief Executives (CCCE), and Mexico’s Consejo Mexicano de Hombres de Negocios (CMHN) issued a joint statement following a dynamic meeting in Washington focused on North American competitiveness, trade, and energy issues of common interest.

“BRT, CMHN and CCCE have a long history of working together to strengthen the beneficial economic ties among our respective nations.  While the North American market is huge, and trade between Canada, Mexico and the United States is healthy and growing, we need to seek ways to make our market more globally competitive.

“Over the past two decades, growth in North American trade and investment has promoted regional, cross-border supply chains that have benefited the United States, Canada and Mexico alike.  However, at a time of major change in the global economy, our organizations believe it is essential that we continue to enhance the ability of U.S., Canadian and Mexican companies and workers to compete internationally. 

“Our organizations endorse Mexico’s and Canada’s joining the United States and eight other Pacific Rim nations in the ongoing Trans Pacific Partnership (TPP) negotiations.  The TPP will not only help strengthen North American economic ties, but also holds the promise … Read more »

Date September 6, 2012 Related Issues

Canada must be nimble and smart in responding to Asia’s rise, John Manley says

OTTAWA, September 6, 2012 - Canadians have been criticized for being slow to seize the opportunities created by the rise of Asia’s emerging economies, but the situation is changing and growing numbers of Canadian companies are shifting their focus to the Asia Pacific region, the head of the country’s most influential business association says in an interview in this month’s issue of Policy Options magazine.

“It’s never too late, as long as you are nimble and you’re smart about what you do,” says The Honourable John Manley, President and Chief Executive Officer of the Canadian Council of Chief Executives (CCCE). He added: “I think increasingly you’ll see a Canadian business presence in China and Asia.”

The interview appears in a special issue of Policy Options published in conjunction with “Canada in the Pacific Century”, a two-day conference that will bring together more than 200 top CEOs, senior government officials, educators and other leaders from across Canadian society. Sponsored by the CCCE, the invitation-only conference will take place in Ottawa on September 24 and 25. Its goal is to raise awareness of Asia’s growing economic clout and the implications for Canada in the 21st century.

The CCCE is the senior voice … Read more »

Date August 30, 2012 Related Issues

Canadian companies must work harder to establish a beachhead in Asia, report says

Asia’s growth offers enormous opportunities for Canadian companies, but too many of them lag their foreign rivals in making inroads in the region, a new report says.

The report, “A Canadian national economic strategy for Asia”, points out that only half of Canada’s largest companies have operations in China, while all of the top U.S. companies do.  Many Asian business leaders see Canada only as a link to the giant U.S. market, and our country has less brand visibility than smaller countries such as Switzerland or the Netherlands.

“It is no longer possible for Canadian companies to succeed in China by treating it as an interesting side bet. They need to start treating China as a third home market, after Canada and the United States,” the report states.

The report’s lead author was Dominic Barton, the Canadian-born worldwide managing director of McKinsey & Company, a global management consulting firm. His co-authors were Bruno Roy, managing partner of the firm’s Beijing office, and Bruce Simpson, co-leader of the McKinsey Global Operations Practice.

The report says that Canadian companies can improve their approach to doing business in Asia by:

  • locating key senior executives in the region;
  • ensuring that the CEO
  • Read more »

Canada must aim to be the education destination of choice for top Asian students, report says

The federal and provincial governments, businesses and the education sector must work together to position Canada as the destination of choice for top Asian students, says the head of one of Canada’s leading universities.

“Unprecedented demand for higher education in Asia today offers a multitude of opportunities for Canada,” Stephen J. Toope, President and Vice-Chancellor of The University of British Columbia, writes in a paper published today.  The opportunities, he says, range from “institutional partnerships to facilitate research, to the recruitment of talented international students and researchers, to new markets for Canadian knowledge exports.”

Asia is already the world’s largest source of international students, and the number of Asians looking to study abroad is expected to increase significantly in coming years.

Canada’s universities have been increasingly successful in recruiting international students, whose numbers have more than doubled in the past decade to about 100,000. China is Canada’s top source country for international students, accounting for 19,100 full-time and 4,300 part-time students as of 2009. Other key Asian markets include India, South Korea and Japan. All told, international students contribute well over $6.5 billion annually to the Canadian economy through spending on tuition, accommodation and other expenses.

Nevertheless, competition for global … Read more »

Canada risks falling behind in the global skills race, report warns

Canada is in danger of losing ground in the global economy unless educators and governments convince more young people to pursue science-related careers, a new report suggests.

The report, “Competing in the 21st century skills race”, says that Canada faces a growing shortage of workers with university degrees in science, technology, engineering and mathematics, in large part because relatively few Canadian high school graduates choose to enrol in such programs.

The report cites a 2010 survey of Canadians aged 16 to 18, only 37 per cent of whom expressed an interest in taking even one science course at the post-secondary level.

“Our research indicates that Canadian students recognize the need for more people to study science, but that a majority of them are not themselves attracted to such programs or careers,” the authors say. 

The report’s authors are Graham Orpwood, professor emeritus of education at York University in Toronto, Bonnie Schmidt, president and founder of Let’s Talk Science, a national not-for-profit organization, and Hu Jun, associate professor at the China National Institute for Educational Sciences in Beijing.

The authors acknowledge that Canada’s education system has many strengths. Literacy and numeracy rates are relatively high by international standards, … Read more »

CCCE_spring2012_168 for website Aboriginal communities must be ‘true partners’ in energy projects, Canada’s business leaders say

Aboriginal peoples must be true partners in resource and energy projects, and Canadian companies should work with First Nations, Inuit and Métis communities to help them realize the benefits of economic development, the Canadian Council of Chief Executives (CCCE) says in a new report.

“Many of Canada’s richest resource and energy assets are found near Aboriginal communities,” says the report, copies of which were sent to all Canadian premiers and territorial leaders in advance of their meeting in Halifax later this month. Titled Framing an Energy Strategy for Canada, the submission offers a series of recommendations for a Canadian energy strategy.

The CCCE is the senior voice of Canadian business, representing the CEOs and entrepreneurs of 150 leading companies.

In its submission to the premiers, the CCCE acknowledges that Aboriginal peoples have “legitimate concerns” about major resource developments, “including implications for land claims, the impact on their communities and way of life, as well as on the land, air and water around them.”

At the same time, the report says that energy and other resource development projects can provide native communities with a wide array of benefits, such revenue-sharing agreements, equity interests, improved employment opportunities, training and service contracts … Read more »

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